TAGRX vs. BTO

Last updated Jun 24, 2026

TAGRX (John Hancock Fundamental Large Cap Core Fund) and BTO (John Hancock Financial Opportunities Fund) are both mutual funds - TAGRX is a Large Cap Blend Equities fund managed by John Hancock, while BTO is a Financials Equities fund actively managed by John Hancock. Over the past 10 years, TAGRX returned 12.68%/yr vs 11.98%/yr for BTO. A 0.56 correlation means they provide meaningful diversification when combined. TAGRX charges 1.01%/yr vs 2.01%/yr for BTO.

Performance

TAGRX vs. BTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Fundamental Large Cap Core Fund (TAGRX) and John Hancock Financial Opportunities Fund (BTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAGRX achieves a -0.63% return, which is significantly lower than BTO's 12.49% return. Over the past 10 years, TAGRX has outperformed BTO with an annualized return of 12.68%, while BTO has yielded a comparatively lower 11.98% annualized return.

TAGRX

• 1D: -1.32%
• 1M: -2.35%
• YTD: -0.63%
• 6M: -0.97%
• 1Y: 10.85%
• 3Y*: 14.31%
• 5Y*: 7.52%
• 10Y*: 12.68%

BTO

• 1D: 1.28%
• 1M: 5.77%
• YTD: 12.49%
• 6M: 10.19%
• 1Y: 22.54%
• 3Y*: 23.70%
• 5Y*: 7.43%
• 10Y*: 11.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TAGRX vs. BTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAGRX John Hancock Fundamental Large Cap Core Fund	-0.63%	9.98%	21.14%	32.23%	-24.86%	29.16%	20.55%	35.06%	-14.09%	19.63%
BTO John Hancock Financial Opportunities Fund	12.49%	5.85%	28.92%	-1.16%	-23.58%	61.86%	-8.97%	38.87%	-25.68%	13.12%

Correlation

The correlation between TAGRX and BTO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Aug 17, 1994	0.56

The correlation between TAGRX and BTO shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TAGRX vs. BTO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAGRX

TAGRX Risk / Return Rank: 11
TAGRX Sharpe Ratio Rank: 12
TAGRX Sortino Ratio Rank: 11
TAGRX Omega Ratio Rank: 11
TAGRX Calmar Ratio Rank: 9
TAGRX Martin Ratio Rank: 10

BTO

BTO Risk / Return Rank: 17
BTO Sharpe Ratio Rank: 17
BTO Sortino Ratio Rank: 17
BTO Omega Ratio Rank: 18
BTO Calmar Ratio Rank: 19
BTO Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TAGRX vs. BTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Fundamental Large Cap Core Fund (TAGRX) and John Hancock Financial Opportunities Fund (BTO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TAGRX	BTO	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.10	-0.23
Sortino ratio: Return per unit of downside risk	1.24	1.60	-0.37
Omega ratio: Gain probability vs. loss probability	1.16	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	0.82	1.48	-0.67
Martin ratio: Return relative to average drawdown	2.82	3.68	-0.86

TAGRX vs. BTO - Sharpe Ratio Comparison

The current TAGRX Sharpe Ratio is 0.87, which is comparable to the BTO Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of TAGRX and BTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TAGRX vs. BTO - Drawdown Comparison

The maximum TAGRX drawdown since its inception was -58.45%, smaller than the maximum BTO drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for TAGRX and BTO.

Drawdown Indicators

	TAGRX	BTO	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-72.27%	+13.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-15.26%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-26.11%	-25.19%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.10%	-51.80%	+22.70%
Max Drawdown (10Y) Largest decline over 10 years	-36.96%	-65.70%	+28.74%
Current Drawdown Current decline from peak	-4.57%	-0.68%	-3.89%
Average Drawdown Average peak-to-trough decline	-11.53%	-18.97%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	6.14%	-2.08%

Volatility

TAGRX vs. BTO - Volatility Comparison

The current volatility for John Hancock Fundamental Large Cap Core Fund (TAGRX) is 5.04%, while John Hancock Financial Opportunities Fund (BTO) has a volatility of 5.53%. This indicates that TAGRX experiences smaller price fluctuations and is considered to be less risky than BTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAGRX	BTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.53%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	15.21%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	20.75%	-7.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	30.89%	-10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	36.12%	-15.58%

TAGRX vs. BTO - Expense Ratio Comparison

TAGRX has a 1.01% expense ratio, which is lower than BTO's 2.01% expense ratio.

Dividends

TAGRX vs. BTO - Dividend Comparison

TAGRX's dividend yield for the trailing twelve months is around 12.17%, more than BTO's 6.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTO John Hancock Financial Opportunities Fund	6.83%	7.41%	7.28%	8.64%	7.51%	4.72%	7.25%	6.06%	5.94%	3.76%	5.10%	4.75%
TAGRX John Hancock Fundamental Large Cap Core Fund	12.17%	12.09%	13.00%	6.67%	6.76%	7.82%	0.30%	0.53%	14.05%	8.22%	2.96%	1.22%

Frequently Asked Questions

Can I hold both TAGRX and BTO in my portfolio?

TAGRX and BTO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAGRX or BTO?

BTO has higher volatility (5.53%) compared to TAGRX (5.04%). In terms of maximum drawdown, TAGRX dropped -58.45% vs BTO's -72.27%.

Which has better risk-adjusted returns?

BTO currently has the higher Sharpe Ratio (1.10 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.